Consumer Thirst for Electric Vehicles Remains Unquenched

22 Dec 2022 | Abstracted from Investopedia

"The U.S. data reflect the growing worldwide appetite for EVs. In the first half of 2022, global EV sales rose 62% to 4.3 million. The global EV market share of total new car sales rose to 11.3%, compared with 6.3% in the comparable period last year.

"The burgeoning demand, though, threatens to overwhelm already strained supply chains for EV parts...manufacturers have announced plans to build 160 new EV models "in the pipeline" through 2026."

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